Presented By
EQ Bank
High-interest savings accounts pay much better interest rates than chequing accounts and regular savings accounts. Here’s what you can do with a HISA.
Many Canadians rely on their savings accounts and chequing accounts for day-to-day banking, but if you want to grow your money while saving towards a financial goal, consider opening a high-interest savings account (HISA). In this short video, we explain the benefits and uses of a HISA.
Video: Why open a high-interest savings account?
Subscribe to the MoneySense YouTube channel to watch all of the videos in this series and more.
This is an editorially driven article or content package, presented with financial support from an advertiser. The advertiser has no influence on the creation of the content.
Affiliate (monetized) links can sometimes result in a payment to MoneySense (owned by Ratehub Inc.), which helps our website stay free to our users. If a link has an asterisk (*) or is labelled as “Featured,” it is an affiliate link. If a link is labelled as “Sponsored,” it is a paid placement, which may or may not have an affiliate link. Our editorial content will never be influenced by these links. We are committed to looking at all available products in the market. Where a product ranks in our article, and whether or not it’s included in the first place, is never driven by compensation. For more details, read our MoneySense Monetization policy.
Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email
The federal government announced measures to improve housing affordability and give borrowers some relief. Here’s what to expect from...
Tuition is expensive in Canada—especially if you’re from abroad. Here are some ways for international students to make money...
Tax-loss selling is one way that investors with capital gains can lower their potential tax bill. What is tax-loss...
Interest rates stand pat, reports from small Canadian banks, the November stock market rocket, and Dave Ramsey drops pearls...
Quickly find your federal and provincial tax brackets to help you prep for your 2023 income tax return.
We look at four common ways of financing the purchase of a second property using equity built up in...
Looking for great gifts and great value? Our editors share their picks for presents that are fun, thoughtful, cozy,...
Alberta auto insurance has been in the news a lot lately. Let’s look at the data to see...
If you’re a Canadian investor holding HISA ETFs, know that changes are coming.
Quebec plans to raise tuition fees for out-of-province university students in 2024. Here’s how to decide if it’s financially...
how can I draw the money from my a/c in cash ?
Are these high interest accounts backed by Canada Deposit Insurance?